+
LANXESS Tops European Sustainability Index
ECONOMY & POLICY

LANXESS Tops European Sustainability Index

LANXESS has ranked first in Europe and fifth worldwide in the Chemicals category of the latest Dow Jones Best-in-Class Index. The specialty chemicals company received strong ratings for climate strategy, water, human rights and product stewardship.

Matthias Zachert, Chief Executive Officer of LANXESS AG, said the ranking underlines the company’s focus on embedding sustainability into its corporate strategy, including climate protection, responsible resource use and good governance.

LANXESS has also improved its sustainability rating from Sustainalytics, moving from the Medium Risk category to Low Risk. With a score of 19.6 points, the company is now among the top 4 per cent in the Specialty Chemicals segment and the top 6 per cent of the global chemical industry.

Other sustainability rating organisations have also recognised the company’s performance. CDP included LANXESS on its A List for climate protection and rated its water management commitment as A-. EcoVadis also confirmed the company’s Gold status, with LANXESS scoring 83 out of 100 points.

LANXESS aims to become climate-neutral in production and energy use by 2040, while its entire value chain is targeted to become climate neutral by 2050. The company said its sustainability strategy combines environmental responsibility with economic performance and responsible corporate governance.

LANXESS has ranked first in Europe and fifth worldwide in the Chemicals category of the latest Dow Jones Best-in-Class Index. The specialty chemicals company received strong ratings for climate strategy, water, human rights and product stewardship.Matthias Zachert, Chief Executive Officer of LANXESS AG, said the ranking underlines the company’s focus on embedding sustainability into its corporate strategy, including climate protection, responsible resource use and good governance.LANXESS has also improved its sustainability rating from Sustainalytics, moving from the Medium Risk category to Low Risk. With a score of 19.6 points, the company is now among the top 4 per cent in the Specialty Chemicals segment and the top 6 per cent of the global chemical industry.Other sustainability rating organisations have also recognised the company’s performance. CDP included LANXESS on its A List for climate protection and rated its water management commitment as A-. EcoVadis also confirmed the company’s Gold status, with LANXESS scoring 83 out of 100 points.LANXESS aims to become climate-neutral in production and energy use by 2040, while its entire value chain is targeted to become climate neutral by 2050. The company said its sustainability strategy combines environmental responsibility with economic performance and responsible corporate governance.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code